Docebo Inc. (NASDAQ:DCBO) Receives $46.63 Consensus Price Target from Brokerages

Shares of Docebo Inc. (NASDAQ:DCBO) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $45.43.

Several research firms recently commented on DCBO. Morgan Stanley lowered Docebo from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $41.00 to $32.00 in a research note on Monday, May 12th. Atb Cap Markets cut Docebo from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 11th. UBS Group set a $45.00 price target on Docebo in a report on Tuesday, March 4th. National Bank Financial cut Docebo from an “outperform” rating to a “sector perform” rating in a report on Friday, May 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $42.00 price target on shares of Docebo in a report on Thursday, April 10th.

Docebo Price Performance

DCBO stock opened at $26.77 on Tuesday. Docebo has a 1 year low of $25.50 and a 1 year high of $53.86. The firm has a market cap of $793.28 million, a P/E ratio of 46.16 and a beta of 1.57. The stock’s 50 day moving average price is $29.54 and its 200 day moving average price is $38.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13.

Hedge Funds Weigh In On Docebo

Several hedge funds and other institutional investors have recently modified their holdings of the company. AYAL Capital Advisors Ltd lifted its stake in shares of Docebo by 39.7% in the 1st quarter. AYAL Capital Advisors Ltd now owns 175,602 shares of the company’s stock valued at $5,042,000 after purchasing an additional 49,902 shares in the last quarter. PDT Partners LLC lifted its stake in shares of Docebo by 74.3% in the 1st quarter. PDT Partners LLC now owns 14,794 shares of the company’s stock valued at $425,000 after purchasing an additional 6,305 shares in the last quarter. Warburg Pincus LLC lifted its position in Docebo by 11.1% during the 1st quarter. Warburg Pincus LLC now owns 3,630,715 shares of the company’s stock worth $104,238,000 after acquiring an additional 362,840 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Docebo by 84.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 32,105 shares of the company’s stock worth $922,000 after acquiring an additional 14,697 shares during the period. Finally, Royal Bank of Canada boosted its holdings in Docebo by 467.1% in the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock worth $4,546,000 after acquiring an additional 130,419 shares during the period. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Company Profile

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.